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20121210
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obama term begins, he's getting a dividend. mr. senegal and the rest of the costco board voted this week to give themselves a special dividend, a 3 billion dollar christmas gift for shareholders that will allow them to be taxed at the current rate of 15% rather than next year's rate of over 40%. and costco is just one of many companies making these one-time cash payouts in a move that will save stocks holders like senegal unless in dividend taxes. and so, mary, turns out maybe taxes do influence investor behavior. what's the meaning of the great cashout of 2012? >> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and you think a normal human being with, you know, would be
is to raise revenues on the rich, he was co opting barack obama's language and we read this week about the purging and the removal of conservatives and tea party members from their committee assignments because they didn't vote the way speaker boehner wants. that seems to me to be evidence that a surrender is coming. >> well, i'm not sure it's the appointments so much as the substance of the negotiations. i think, you know, once you cave on rates, you've given up -- the president says it's the principle for him that republicans have to cave on rates because he pretends that you can't raise the revenues you want, meaning the money you want for the treasury by doing it through deductions, eliminating deductions and loopholes which is what everybody agrees is the way to do it. that's what reagan did with tip o'neill in 1986. they eliminated deductions, credits, loopholes, etc., and they were able to lower rates, and that created a real economic engine. so you can raise this money by eliminating deductions. the president simply wants to force republicans to raise rates as a way to break th
. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot be equal. who is more to blame? the president or congress. i would make the argument that obama is clearly the one. certainly democrats are probably little bit more to blame. two years ago, democrats ran the entire town. they had a filibuster proof majority in the senate. they control the house and white house. if they wanted to cut spending at that time, they could have done so. republicans -- they could've done it over every republican objection and they could've gotten everything they wanted. they didn't do that. but i do think it's worth remembering that if you go back 10 years, president bush, and the republican-controlled congress, then acted too expensive for us that were not paid for. the t
. more with the panel. house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800 billion closing the loopholes outraged antitax conservatives. when the speaker removed the conserve priv key committees in the past, the battle began. >> $800 billion over ten years and that looks like it would be a tax increase to me. 238 republicans, myself included, took a pledge not to raise taxes. they want to send a message to me to send a message to others. that we are not going to tolerate people who are interested in doing what is right. we want to play the same old game. if you try to disrupt that, we will knock you off a committee. >> for refusing to tow the leadership line
a video interview to political this week and said who is barack obama and what drives him? it's not a big mystery at this point. >> the media seem to have no problems supporting the idea of putting higher taxes on higher wage earningers in this country and take a look at this from the california teachers union. >> and ordinary people wondered why rich people needed so much money, the 1% said, don't worry, this is good for you, too. because it will trickle down from us to you. and some day, you'll be rich and then the rules we made for us will be your rules, too. >> and that's ed asner, the actor, voicing that production. what's been the media reaction, jim? >> not much. part of it is i'd be hard pressed on a family channel to describe what we just saw there. you have to look, rewind it and look closely and aear to be urinating on ordinary americans which is kind of gross. >> jon: the rich on the poor. >> and if rush limbaugh put that video on his channel, there would have been more explosion. >> jon: this from the teachers union from the most populous state. >> but it's california after a
's accusing president obama of dragging his feet as the deadline looms. is more of the same in store for the week ahead? joining us, managing edit for of the hill. >> good morning. >> we talk about this happening and going over the cliff. speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been no progress and there will be nor jockeying and leverage the next week. >> i want to point out in the president's weekly address that was issued yesterday, he says there's wiggle room by democrats to come up with a solution. >> that's true. that's what president obama -- he's been saying to republicans here and there, i'm willing to put more on the table but pour the
president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine. what do you think? quid pro quo? >> dana: yeah, i do. she is an accomplished woman. if you have a movie made that says you're the devil you'v youe something. >> greg: they made one for you. >> dana: i'll reserve comment whether she deserves it and would be a good ambassador. we talked about this eight months ago with a big event here. someone slipped it out she would love to be the u.k. ambassador. i think it could happen. >> andrea: do you think it's real or her floating her own name for job? >> greg: i would like to send her away. england sent us victoria beckham. six-figure exchange program. i could have
are remnants of mubarek's regime. at least 6 people have been killed this week and dozens injured. obama is urging both sides to hold talks without preconditions. >>> vice president dick cheney offering scathing criticism of president obama's foreign policies. >> we have more territory in that part of the world when you start to add up all of the areas that have come or have come under the influence of muslim brotherhood and radical islamists. that part of the world piers to be muffling into a direction that is fundamentally hostile. >> he was being honored by the hudson institute for his contributions to the u.s. and government. >>> a day after hunters found two bodies in a rural area the mother of a missing girl confirms it is her daughter and her niece. dozens of people attended a vigil. the girls disappeared back in july while riding their bikes. a positive id needs to be made by a medical examiner. >>> a champion for conservative causes will be leaving the senate. jim demint stepping down to become president of the heritage foundation. he says he can do much more outside of congress
about what's really important here. ♪ apple and other tech giants went down this week. right. >> they are poise to benefit from obama care and states filled out health care exchanges. >> good company and morally bad because they are enabling big government. >>
as presented by ambassador rice and president obama before an election. >> the meeting with the senators getting all kinds of media attention and might have pressed for the press to get more from the white house as jay leno noted. >> and this week, cbs news became the first news organization besides fox to ask president obama who changed the benghazi talking points? >> yeah, this is very dangerous for the white house, and suddenly start asking real questions. >> so, what about it, jim, if jay leno is asking that question, does it mean that the press might be finally catching on? >> i think a couple of things are happening here, first of all, the campaign of sort of race baiting against john mccain led by richard wolf and tour, don't forget the accent mark. and the meeting with rice went badly and susan collins prides herself as a moderate thinks worse of you, you've done a bad job on the your presentation. and adam credo, the new website called the washington free beacon has millions of dollars in investments of companies linked to iran and rattled off the list and how she got confirmed
this week president obama issued a very stern warning to assad that if, in fact, he used chemical weapons on his own people, he would be held accountable. now we're going to continue to follow the breaking developments out of the region, but first tonight, urgent developments on the fiscal cliff show down. tim guy ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the presiden
. >> it was week. >> president obama has said that he has pen in hand and he's prepared to sign the middle income tax cuts. >> you have a president of the united states that has the mighty pen. you bailed out the banks. bail out the american people that don't have homes for the holidays. >> in his second term i hope he will offer fresh ideas and serious leadership. >> we need a response from the white house. >> i'm hea here to tell you that nobody wants to get this done more than me. >> it's true that president obama won reelection and i congratulate him on his victory, but on january 20th, he'll face a stagnant economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbor
profile since the election. but last week he had lunch with president obama at the white house. it's been more than a month now since super storm sandy unleashed a surge of water that destroyed neighborhoods upon neighborhoods along the east coast. all these weeks later we are feeling the effects of the storm. how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy.
: last week i said let obama have what he wants. republican member should vote present. maybe not even let him go off the cliff. let it go through and let barack obama have what he wants. people voted for it. we slide in recession and we say look, we had it their way. i think they are not carrying about the nation's future. right now, $136,000 household in debt. this is about getting re-elec re-elected. i want to say something quickly about the simpsons. it's dangerous to trivialize what is going on. simpson, if we go up the fiscal cliff simpsons are hit the hardest. the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was p
anything they agree on? >> we have four weeks to go and so far there is not very much. remember, president obama said in the campaign he favored a balanced approach to getting over the fiscal cliff. balanced normally means about 50/50. 50% spending restraint. 50% revenue enhancement. but the president's proposal is apparently something like 80% tax increases. 20% spending restraint. unspecified. unspecified means it won't ever happen. >> jamie: what do you expect to happen given the fact that speaker boehner says that the white house is not willing to compromise on anything. if you are an american and you are sitting at home, maybe you are relying on entitlements. do you think both sides will have to cut entitlements and which ones? >> guest: entitlement reform will have to become part of a comprehensive approach early in the next year. i don't think in the holiday period you will be able to sort out any kind of a grand bargain. what really should worry americans is taxes will go up on everybody, unless some resolution is made by december 31. that will weaken the economy. that will ultimat
secretary and secretary of state, some time over the next two weeks. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president says, look, i ran on this and i am going to do this. but he is signaling he could be flexible on how high they would go. ed henry is like. this has been out there for a few days. >>reporter: that right. the president had the governors in today and they underdiscover the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. t
week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's going to happen. i hope it's large enough for people who want to see entitlement reform to vote for. the president has leverage but the republicans have leverage with the debt ceiling, hopefully cooler heads will prevail. theorist are coming forward on how to deal with this. it's a unique moment in history where every developed country in the world, economists on both sides of the aisle know the greatest threat of the country is fiscal solvency. the minority party is trying to leverage the president into doing something great for the nation. i hope the president soon will see the light. >> senator schumer, three weeks left. what's the compromise that both sides can live with on taxes, spending cuts and entitlement reform? >> i think we'll get a deal. everyone realizes how important it is, our economy is moving up some, not fast enough but some, and to go over the cliff would be terr
of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right commentators said i think president obama is overplaying the hand here. they have a plan to get him what he campaigned on and said he wanted. they called it smart. we had the simpson bowl plan. deficit reduction plan how to get it back on track. they are proposing the plan that is a democrat version of the -- democrat counterpart to simpson. very smart. this offer was serious. the white house even though they put out a statement saying blah, blah, not good enough. call it a republican letter -- >> eric: this is the republican letter does not meet the test of balance. said our way or the highway from the white house. >> bob: reform ideas are interesting and should be on the table. the rest is bull. they don't cut anything out of defense. number one. number two, talk about the tax reform that will get to rich. or broaden the base of the tax base. including more peo
. >> the fiscal cliff crisis and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax r
that yesterday. speaker boehner and president obama spoke yesterday for the first time in a week. for the first time, we're actually getting some discussions. of course, this doesn't necessarily mean they will solve them tonight. but they are talking about it. >> neil: rich, if you could have played along with the theme. you mentioned they spoke yesterday. it argued we respond immediately to the top of my show, superhero proposals. >> the new lines of communication are now open because of the top of the show and the news came out during your show. >> neil: good answer. sandra, in all seriousness, now they have to bring what appear to be significant gap. time wasting. >> time is wasting. who shocks me is the market is floating higher despite at all. >> neil: what if we don't get a deal? >> the market want to deal because they want to move on. they don't like the urn certainty. the cliche, the markets that it uncertainty. we heard that about the election, too. stocks went nowhere for a while. even is in a wait and see mode. payment have done things to alter taxes. the business and the market comm
would be president obama's water loo. remember that? earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate. but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. earl
next week will be critical in terms of president obama and speaker boehner finding a compromise. shep? >> shepard: democrats are still saying what they have said all along and what the president ran on this is about taxes. >> that is true and they note president obama campaigned on upper income americans paying more so they intend to make sure that happens. the house democratic leader says the only obstacle is republicans refusing to ask the top 2% to pay more. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. but in many homes across america, it's very -- very very lean time. >> after talking to reporters leader pelosi went to the white house to meet with the president over what's described as a number of issues. >> shepard: mike, the republicans have insisted from the very beginning that this goes well beyond the tax issue. >> shep, you are right, indeed speaker boehner says taxing high income people does not fix our massive fiscal mess. >> even if the president got the tax rate hike that he wanted, understand that we would continue t
by wikipedia a few weeks ago, but not in time to spare the judge's error. >>> as we told you earlier, president obama is rejecting a counter offer from the house republicans to get the country off the fiscal cliff. so the stalemate continues. what happens if we wake up january 2 and it's fallen off the fiscal cliff? here is jim angle. >> today's counter offer made clear the republicans want to avoid going over the fiscal cliff. which some democrats speculated might happen to their benefit. >> this is the way the white house and many democratic members and leadership believe. we will go over the cliff. tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats contemplate
with congressional leaders started a few weeks ago really with president obama calling for that $1.6 trillion in additional tax revenue over 10 years that you just heard about from john boehner. treasury secretary tim geithner argues that you can not raise enough revenue to reduce the deficit by only doing the loopholes and the tax breaks. and that is the major priority for republicans in this but some senior republican aides said they believe along with spending cuts, compromise would generate about a trillion dollars in new tax revenue, possibly from in parting those tax deductions. bill: where do we go, huh, martha? martha: good question. bill: congressman that broke ranks on one item is with us in 25 minutes. today he has a strong message directed at the white house and president obama. congressman tom colatosti out of oklahoma a bit later here on "america's newsroom.". that is 22 minutes away. martha: we brought you this breaking news on friday and now there's new fallout from that horrible train derailment in new jersey. remember these pictures? emergency officials closed schools now in
other than abc news. yes, it turns out that in the three weeks following the election the net woul network cd obama's favorite issue which is raising taxes 17 times more than spending cuts, and all told, 10 minutes and 18 seconds were devoted to taxes. compared to a whopping 35 seconds of air time on house spending cuts might be a useful tool in actually tackling our debt. not surprisingly, that trend was-mile-an-hou mirrored all across the major networks. here with reaction to that report and obama's parent indifference to the approaching so-called fist colorad fist fisk stein. welcome to hannity. >> great to be with you, sir. >> i'm getting the feeling more and more every day. he wants to humiliate the republicans. >> i this is an opportunity to drive a stake through the republican party. i think his strategy all along, i said this in my book, so it's weird to see it coming true so literally is to establish 25% of gdp as the new baseline for federal spending. he needs everybody's taxes to go up, not just warren's buffett's. he can do that two ways. he can get john boehner to capi
obama came to hatfield, pennsylvania which is a few miles down the street about a week ago he was covered by all of the press as it should be. the rooep i am on your show is we tried to have a similar event showing how it would not be effective. there was almost no one attending. they have nothing except the press outlets. the story you are telling small business doesn't have representation is a story that needs to be heard by the american people. we cannot compete. in our goen governmeown governm the biggest obstacles to success. >> you say it's not a financial issue but a moral issue. explain how it is a moral issue. >> i had the good fortune of living overseas i have seen how other people live. one of the best things about living overseas is you get to crÈche yat what america is america is a sunique place. america is a unique government. our government is the only one in the history of man. it was forged to protect the citizen as rights and citizen's pursuit of happiness. the government is perfect. the government was the citizen. it is no longer the citizen. now the citize
derailment. it left on the dangerous gases spewing into the air. an important week for the administration. president obama expected to start announcing picks for his new cabinet but with ambassador susan rice stirring up controversy who is in and who is out? our panel weighs in. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. >>. >> gregg: new concerns following a freight train derailment in new jersey. residents are very concerned about a hazardous chemical released during the crash. anna is live in the new york city newsroom with the latest. >> reporter: we are getting a press conference and they approved a plan to remove a breached containe
have 30 seconds to say something meaning less. >> obama is on a bind if he doesn't enforce it it will be week. if he dozen force. it the democrats for lack of a better phrase will say stop harshing my buzz, man. >> i am just kidding. there are lots of better phrases than that. >>> time to take a break. when we come back, we have another story that you are going to adore. >>> last topic. can having kids help you livelonger? danish scientists, aren't they all, think the early death rates have something to do with increased risky behavior. so does drinking and drug use linked to infertility. and kids make you livelonger because they ruin your life. gavin, you were saying in the green room how much you hate your kids. does this change your thinking now that you know you will livelonger? >> i love my kids. it breaks my heart that my peers would think a woman giving birth are giving up their opportunities. they made their lives miserable. they talk to their dogs like their children. having a child is a joy. seeing a kid in a batman costumes with his bear feet sticking out saying
lawmakers don't get it together soon. president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehne
-down time in washington. president obama and the democrats, versus the house republicans and the so-called fiscal live. after weeks of negotiations, publicly, at least, talks have stalled, as the two sides have battled it out over tax hikes hs and entitlement reform. but what can be done about the nation's out-of-control spending. tim murphy is here now. chairman of the house oversight and investigations subcommittee for the energy and commerce committee. good to see you in person. welcome to new york. >> who do you think is going to blink? president obama says he wants the tax hikes to go up on the wealthy. >> we both better get together and come up with a solution. that's what the american family wants. all the other issues, we have to remember, it's what takes place, not at the 30,000 foot level, but at the kitchen table level. that's where the people are very concerned. will they have a job tomorrow? will their children have a job in the future? that means we have to deal with the deficit and the spending. we cannot continue to do this. the president's issue of unlimited power t
the insurance companies are being honest. >>eric: let me sum this up, you met with president obama days after the hurricane sandy. here we are, it has been several weeks after the meeting and you don't feel anything has happened? you don't feel your life is, you are being taken care of or thought about great fema, from schumer, 9 state, from the federal government including obama, is that right? >>guest: absolutely not. not only me but my neighbors feel the same. we are the forgotten borough, we are the forgotten people. we are the middle class people and we are the working class people that have paid our taxes and we are not getting anything in run. it is always fema, deny this. you have to reapply. it is a joke. a joke. you are the president of the united states, you got that pen, you bailed out the banks, bail out the american people that don't have homes for the holidays. the president is going away. he is going to hawaii for christmas for 20 something days, where am i going to be? where are my neighbors going to be? we will not have a place called home. mr. president, you have to do some
. >> shannon: who will blink first? the obama administration says the ball is in the g.o.p.'s court. republicans insist it's the president's turn to get serious about dealing with our country's debt. >> it's unfortunate that the white house spent three weeks doing basically nothing. >> this is a very carefully designed set of reforms. if republicans would like to go beyond these reforms, or they want to do it differently, they should tell us how they want to do it. >> i believe raising tax rates hurts our economy, hurts the prospects for more jobs in our country. >> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the y
to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on steroids. republicans with their counteroffer today again reject the president's plan if higher taxes on families earning more than $250,000 a year. wendell is live at the white house. if they reject that i don't know how far this will go. the president could blink but his eyes seem wide open. >>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans say the plan would
in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sign. >> steve: keep in mind, the last offer on the table was made by the republicans. the republicans are waiting for a counter offer. the white house said that is not serious, we are waiting for a offer from the republicans. tim geithner was on cnbc yesterday and asked whether or not the federal government is preparing to go off the fiscal cliff in particular this administration. he answered unfortunately in the affirmative. here's tim. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two per
difficult for egyptian opposition parties to get access to our ambassador, senior leaders from the obama administration. bill: if you read the "time" magazine article that has morsi on the cover this week -- >> right. bill: it says morsi is heartened by the show of protests because this means cord -- according to his people that democracy is working. democracy is defined a lot of different ways around the world as we found out the past decade. he said this. egyptians will pass through this. we are learning he said, we are learning how to be free. i don't know how president morsi defines the word free, do you? >> not the same way i do. look if those words had come from someone else, if those words had come from one of the leaders of opposition parties i would take them to heart and i would think they are actually correct. not from president morsi. what we've seen particularly with his power grab and with the kind of constitution he is pushing is precisely the opposite of democracy. we're seeing egypt move the opposite way. the revolution we saw just over two years ago or just under two ye
of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the president put on the table? >> i was in complete shock. it has nothing to do with reality. if you look at the president's propose to raise taxs and 50 billion more in stimulus spending and want to extend 99 weekings of unemployment benefits which is it a 30 billion a year . the other thing that troubling is that the president wants his own control of raising the debt ceiling . so i don't think we have a president that is serious about getting the debt under control and deficit and government spending under control especially when you understand that we have ha and post office in trouble. we continue to get closer t
for inviting me to guest host it week while he's out on tour. it's been almost a month since the presidential election and about half the country remains elated, vindicated triumphant. they voted for president obama and are walking on cloud nine. the other half, well, not so much. they are confused, despondent, even sleepless, they wonder if the whole nation has gone quite mad and want to return it common sense not another four years on fantasy island. now, we're taught as kids to be good sportsmen, not to gloat after winning, to give the other side a high five and say good game. have we seen much of that from the winners since november 6th? nope. but no matter, being a good sport means not just being a gracious winner, it means being a good-spirited loser, even when it's hard to feel that way. half an election, the losing party must ask, what went wrong, why didn't people come out to vote. but enough self-flangelation, it's time to get up and dust ourselves off and walk to midfield, give them the high five they deserve and get to work. what is the alternative? anger? sadness? depression? tha
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